The Securities and Exchange Board of India (SEBI) has approved the indirect acquisition of shares in Shriram Properties by its Chairman and Managing Director, Murali Malayappan. The regulator’s exemption order issued on Monday said that the acquisition will not lead to any change in control of Shriram Properties since the promoter and promoter group will
Torrent Power launched its qualified institutional placement (QIP) of its shares on Monday. The company has fixed a floor price of Rs 1555.75 per equity share for the QIP, it said in a stock exchange filing. This represents a 1.60 % discount to the closing market price of Torrent Power share at Rs 1,581.10 apiece
Shares of RBL Bank plunged 5 % during intraday trade on Monday after the bank decided to stop the issuance of new co-branded credit cards under the partnership with Bajaj Finance. The stock fell nearly to Rs 147.50 on the Bombay Stock Exchange, marking its lowest level since May 2023. However, the shares recovered later
Skoda has finally unveiled the entire price list of its latest offering in India— the Kylaq. With prices starting at Rs 7.89 lakh and going up to Rs 14.40 lakh (both ex-showroom), the Kylaq competes against some of the heavyweights in the sub-4 metre SUV space including Maruti Suzuki Brezza, Tata Nexon, Kia Sonet, and
The Honda Activa is the best-selling scooter in the Indian market, fending away names such as TVS, Hero, and Bajaj. However, with Honda’s entry into the electric world, it now has to try hard to catch these names. One of the leading scooters in the EV space is the TVS iQube and now the Activa
Kia is all geared up to launch an all-new compact SUV for the Indian market. Called Syros, this new SUV will be making its official debut on December 19, while it is expected to go on sale sometime early next year. The SUV has been spied on numerous occasions over the past one year. The
Capital markets regulator Sebi on Monday ordered the attachment of bank accounts as well as shares and mutual fund holdings of Reliance Big Entertainment to recover dues of Rs 26 crore. Before this, the markets watchdog on November 14 sent a notice to Reliance Big Entertainment Pvt Ltd (now known as Rbep Entertainment Pvt Ltd)
MG Motor is making significant strides in the Indian passenger vehicle industry. Earlier this year, the Chinese-owned British carmaker joined hands with Jindal Steel Works (JSW) for easier business in the country. The first launch under this joint venture was MG Windsor EV which created ripples in the Indian EV market. The company has now
By Chaitali Dutta l My son will go to the US for higher education. Should I opt for a loan in India instead of a loan abroad as the rupee is depreciating?—Yash SharmaAns: Yes, education loans in rupee in India are widely available. You may choose the institution that offers low interest rates and a
In a major update for central government pensioners, the centre has reiterated that there are no plans to reduce the minimum age eligibility for additional pension to retirees. The central government has made it clear that the minimum age for additional pension will remain 80 years. In response to a question asked in the Lok
By Rohit Sarin Navigating market volatility is a challenge that every investor faces at some point. The past few months have been particularly turbulent, with global uncertainties, trade tensions, and fluctuating economic indicators creating a complex environment for wealth preservation. The first strategy pertaining to wealth preservation is diversification. A well-diversified portfolio can mitigate risk
When considering the purchase of a property near a highway, understanding the location’s significance is crucial in determining its price and demand. Properties with easy access typically sell more easily and align better with market demand. This has led to a longstanding trend of acquiring properties along main roads, including state and national highways and
India is witnessing an upward growth trajectory in luxury housing, with ultra-high-net-worth individuals transforming the landscape of luxury real estate. As the number of UHNIs grows, so does their appetite for ultra-luxurious residences that offer exclusivity, bespoke amenities, and prime locations. A recent survey by India Sotheby’s International Realty reveals that over 60% of High-Net-Worth
